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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Dave Gore who wrote (117454)11/28/2000 4:08:33 PM
From: Dave Gore  Read Replies (1) of 120523
 
Some classic signs needed for a bottom, according to one analyst per CNBC

- Higher volume on downside followed by high volume on upside

- 1000 new lows, followed by 200 new highs

- 45% bulls (still are about 66% bulls which is remarkably high)

Obviously we aren't there yet.

INKT - 5-5/8 at 24-3/16 Easily new annual low!
CORV - 22-9/16 (way below annual low of 25)!
AOL - near 40 and annual low of 37
LU - new annual low
AKAM - 30-3/8 (new low yet one beneificiary of the new Reg "FD" disclosure)
MRVC - 17 (annual low 15)
JDSU - 60! (annual low 52-7/16)
etc
etc

What's doing well? PFE,LLY, etc.

You can feel a huge comeback once this is all over. But unfortunately and remarkably it isn't over yet.
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